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2:50, 15:10 losing motivation kills startups 17:50 how do you get the money, so you can keep working full time?

Thank you Michael. This video is really valuable.

Maybe majority of businesses aren't practically going to scale to YCs expectations. And that should be fine... system76, 37Signal, Canonical, Valve, and many other such companies in Asia and Europe.

1. Hopefully you want to make the world a better place. Do not chase the hype. Solve a genuine problem. We are responsible for the world becoming a better place. It's not a get rich quick scheme. It's a responsibility to be taken seriously and should be embraced fully. 2. Hack your motivation. It's going to take longer than you expect. You have everything it takes, and its going to take everything you have. Long-termness and vision. 3. Be brave enough to walk alone ... in the dark. You have to do things differently than the people around you to succeed. Because the fast majority of people around is going to fail. 4. GIGO - Garbage in, Garbage out. How are you getting your insights? Do not fill your brain with garbage. Build a successful thought model. 5. Investors do not invent the future. Founders do. Be the wave of change, don't just ride it. 6. If you win. Everything is possible.

really impactful. Thank so much for sharing and Micheal thank for the clear no BS insight! Definitely changed my mindset🙌🙌🙌

Thank you for a great advice! Much success in 2024!

Respect!!! So great to see high consciousness, humanity still has a chance

Is "99.99% of startups fail" not an exaggeration? Isn't it more like 95 - 99%? If the metric of success is $1B company, than perhaps 99.99% of companies fail by this metric. It seems like there are other positive outcomes (smaller exits, cash flow positive businesses) that likely happen more often than 0.01% of the time, no?

Nike says Just Do It. As a startup, I say Just Survive. If you can make it to year 2 you've got a very good chance at success.

So many startups funded by big VCs and 90% still tank. Just because you signed with Alabama doesn't mean you're going to the NFL.

Based on

How are you able to be this cogent at 5am? That's the secret that what I want to know.

Look at this jobless MF he tried to kick sam but got burned himself 🤣🤣🤣

Sir Siebel, please speak when it is 5 am and your mood is creepy! You spat out so many unpleasant truth, that I lost the track of. Please, do not try to be nice. You are awesome, when you don’t give a shit and speak straight.

this is incredible

36:30 progress over time matters the most, imo.

all happy talk BS

💡🇬🇪

30:02

34:19 👍🏻👍🏻

students asking for advice on how to persuade investors and the response is to forget about investors and solve the problem without financing. ☠ It goes to show even the best of us sometimes don't see the picture clearly. But for real, anybody else would be roasted for such an advice. They asked how to get money even if their resume is empty, not whether or not they should. Good dodge or the question. Sure, go figure everything out on your own, then come back

Sounds like the difference with the difference with high end YC and average YC companies is greed and unrealistic performance expectations.

My commentary - 5:50 - I totally agree. I didn't think about it until you rephrased it. Fitness comes more naturally to me, so thats why I see success here more than anywhere else in my life. .. I have to find communities that resonate best with me.

BLOW YOUR NOSE BEFORE DOING THE VIDEO

All my life, I believed that Michael Seibel is a robot, but seeing him sick proves that he is human

Joke "I would like to convince you not to start a startup"

Ooh boy I may become offended by this video by the title 😂. Love Michael and his wisdom.

Good info and sniffing noises

Very good advice for startups, but also great advice for any business!

Don't be turned off by the "Scenesters"...made me teary eyed because that was the biggest hurdle I've recently overcome...being so turned off by the "get rich quick", "look at me", "bandwagon", and low to no personal conviction people.

this has been very reassuring.

Great shpiel

ii

2:47 the main killer

2:30 start

15:00

Thanks Mike this was super insightful.

Really incredible talk.

Michael 💯

one of the most insightful videos I've ever watched.

This was a fantastic video. Thank you so much 😊

It's really concerning to hear from a SME that speed and growth will dictate your interest (35:00). Some people have a family and responsibilities but are highly skilled/knowledgeable in their field. They simply don't have the bandwidth to execute their dream inside a year. You make it sound like these people should be branded with a scarlet letter. It's a BS metric IMO born out of a group that is dominated by people that lack the challenges of many middle-class parents that are SMEs.

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Thank you so much for this.

Thank you sir

This is a gift. Thank you Michael.

Thank you so much for this upload. I really admire him. He is one of my absolut idols. I really love his story. I'm gonna make it one day.

Micheal is the 🐐

Great advice.

am happy hearing this, thank you